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Amazon UK figures revealed in committee tax response

Public Accounts Committee reveals details of Amazon's UK sales, as it tries to ascertain how it arrived at previous tax disclosures

28 Nov 2012 Accountancy Age

By Kevin Reed

amazon-kindle-4-e-reader-tablet-books

SALES OF £3.3BN were racked up by Amazon.co.uk in the UK during 2011, but huge costs saw it pay just £1.8m in corporation tax during the year.

In a response to the Public Accounts Committee for more financial data relating to its UK operations, profits before income tax on UK sales equated to £74m, with various costs and expenses eating into the profit margin.

The company's UK accounts filed for the period show it paid £1.8m, with revenues of £20m.

In its response to the committee, Amazon asked for the information to remain confidential.

The committee has again called on HMRC to appear before it, in an effort to tackle marketed avoidance schemes. It is believed that HMRC chief executive Lin Homer will face questions on the tax affairs of its IT supplier, Accenture.

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